NATIONAL AGRICULTURAL DEVELOPMENT FUND (ESTABLISHMENT) ACT, 2022
Section 17: Power to borrow
1 The Fund may borrow by way of overdraft or otherwise such sums as it may require for the performance of its functions under this Act.
2 The Fund shall not, without the approval of the Minister, borrow money which exceeds at any time, the amount set by the Government as the limit of the authority of the Fund.
3 Where the sum to be borrowed is in foreign currency, the Fund shall seek and obtain the approval of the Minister through the Board.
Cite this section
Section 17, NATIONAL AGRICULTURAL DEVELOPMENT FUND (ESTABLISHMENT) ACT, 2022 (2022).
https://repo.podus.ai/laws/national-agricultural-development-fund-establishment-act-2022/section/17/